Vehicle grant for people with reduced mobility, blind people and pensioners

You can apply for a loan to purchase a car if you have a motor impairment assessment from TR and you receive:

• disability pension or disability allowance,

• old-age pension,

• child support payments for a child with reduced mobility.

Lower loan:

You can get a lower loan if you:

• have a motion-deficit assessment at TR,

and

• receive pension payments from TR.

The amount of the lower loan is 180.000 ISK.

Higher loan:

You can get a higher loan if you:

• have a functional disability assessment in TR

and

• use two crutches or a wheelchair routinely.

The amount of the higher loan is 340.000 ISK.

Bonds, interest and loan term

TR will prepare an electronic promissory note and send it to you for electronic signature. The promissory note can be prepared on paper if specifically requested on the application.

The loan bears the average interest rate of non-indexed bonds. They are for 3 years and are repaid with a balanced monthly payment, which is deducted from TR payments.